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Egypt’s planned USD 8.5 bn Alamein refining complex to produce 3.4 mn tonnes
The planned USD 8.5 bn petroleum refining complex in New Alamein is expected to produce some 3.4 mn tonnes of…
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Egypt to spend USD 9 bn for refinery upgrades, says El Molla
Egypt will spend USD 9 bn over the next four years to upgrade six oil refineries, Oil Minister Tarek El…
What we’re tracking on 21 January 2019
The World Economic Forum gets underway in Davos this morning and runs through Friday. The theme: “Globalization 4.0: Shaping global…
Chinese investors to build EGP 100 mn fodder factory in Egypt’s Luxor this year
Unnamed Chinese investors are planning to invest EGP 100 mn this year in a new animal fodder production facility in…
Mercedes-Benz says new policies, clarity were behind its return to Egypt
Mercedes-Benz says new policies, clarity were behind its return to Egypt: New policies adopted by the Madbouly government provided clarity…
Afreximbank grants Egypt’s OIH USD 170 mn credit facility
The African Export-Import Bank (Afreximbank) signed on Friday a USD 170 mn credit facility agreement with Orascom Investment Holding to…
Authority to reissue tenders for USD 800 mn Red Sea ports projects
The Red Sea Ports Authority is mulling reissuing its tenders for two multi-purpose cargo and container storage facilities at the…
France’s Vicat to invest EUR 30 mn in Egypt business
INVESTMENT WATCH- Vicat to invest EUR 30 mn in Egypt: France-based cement producer Vicat Group’s Egypt arm is planning to…
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